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$2,219,900

8 Beds 6 Baths 4,956 SQFT 0.14 Acres
Type: Multi-Family

2472 SE LINCOLN ST
Portland, OR 97214

MLS#: 166987272
Kevin Levy
Kevin Levy
Premiere Property Group
Broker
Phone: 503.267.7535
Office: 971.271.8932
Presented by: Keller Williams Realty Portland Premiere - 503-709-4632

Property Description

 

Introducing a rare new-construction investment opportunity featuring three modern homes, thoughtfully designed and presented by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association. This offering delivers contemporary construction, efficient systems, and strong long-term rental appeal in a highly desirable close-in Southeast Portland location. The two end homes each offer approximately 1,645 square feet across three above-grade levels and include three full bathrooms, with each bedroom designed as an en-suite with its own dedicated bathroom and walk-in closet. The interior home offers approximately 1,666 square feet and includes two full en-suite bathrooms serving the bedrooms, plus a main-level half bath, creating flexibility while maintaining strong rental functionality. All three homes also include a main-level office that functions well as a fourth bedroom, providing meaningful rental upside. Open great-room layouts are anchored by gourmet kitchens featuring custom cabinetry with extensive storage, solid surface countertops with an eat bar, stainless steel appliances, and high ceilings that enhance light and volume. Efficient mini-split systems provide year-round heating and cooling, and each home includes a fully fenced, private backyard, a valuable amenity that supports tenant retention and premium rents. Tenants will enjoy proximity to sought-after neighborhood amenities including Coava Coffee Roasters, Stumptown Coffee Roasters, and Upper Left Roasters, along with dining and nightlife favorites such as Screen Door, Olympia Provisions, Loyal Legion, and Double Dragon. Nearby outdoor amenities include Colonel Summers Park, Laurelhurst Park, and convenient access to the Eastbank Esplanade. This offering is well positioned for investors seeking stable cash flow, modern design, and long-term hold potential, with flexibility to operate as a small portfolio or sell individually.


 

Interior Features

Bedrooms

Unit 1 Beds Total4
Unit 2 Beds Total4

Bathrooms

Unit 1 Baths Total3
Unit 2 Baths Total3

Other Interior Features

UnitType1ActualRent3750
UnitType1UnitsTotal2
UnitType2ActualRent3750
UnitType2UnitsTotal1
FuelDescriptionElectricity
BasementCrawlSpace
Hot WaterElectricity, Tank
StorageNone
Unit TypeUnitTypeType1, UnitTypeType2

General

Accessory Dwelling Unit Y/NN
AttributionContact503-709-4632
CityPortland
CoolingHeatPump, MiniSplit
CountyMultnomah
DirectionsSE Hawthorne Blvd to SE 24th Ave to SE Lincoln St
DisclosuresExempt
Elementary SchoolAbernethy
Garage Spaces0
Gross Income133158.0
HOANo
HeatingMiniSplit
High SchoolCleveland
Legal DescriptionTBD
Listing TermsCash, Conventional, FHA, VALoan
Lot Size Square Feet6,098 sqft
MLS Area_143
Middle/Junior High SchoolHosford
Net Operating Income93717.0
Number Of Units Total3
Operating Expense39442.0
Parcel Number0
Property ConditionNewConstruction
Property TypeMultiFamily
Rent IncludesNone
RoofComposition
Security FeaturesSidewalk
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count3
Subdivision NameHOSFORD-ABERNATHY
Tax Annual Amount$0
Tax Year2025
ViewDescriptionTreesWoods
Virtual TourClick here
Year Built2025
ZoningR5

Exterior

Building Area Total4,956 sqft
Exterior DescriptionCementSiding, LapSiding
Foundation DetailsSlab
Lot Dimensions60.5x100
Lot FeaturesLevel
Lot Size Acres0.14
Parking FeaturesOnStreet
Road Surface TypePaved
Total Parking0
Water SourcePublicWater

Additional Details

Price History

Schools 

High School Cleveland High School
Elementary School Abernethy Elementary School
Middle School Hosford Middle School

  

Similar Properties

$2,219,900

8 Beds 6 Baths 4,956 SQFT 0.14 Acres
Type: Multi-Family

2472 SE LINCOLN ST
Portland, OR 97214

MLS#: 166987272
Kevin Levy
Kevin Levy
Premiere Property Group
Broker
Phone: 503.267.7535
Office: 971.271.8932